This wave of market has left many behind, and now at this position, they dare not jump in, so they start shorting. Currently, many people are shorting in hopes of betting on a big drop like on May 19th, so when the price drops short-term, they aren't in a hurry to take profits, but rather greedily waiting for a bigger 'waterfall.' But the problem is, the market often pulls back and forth, not giving you a clear drop, which makes people lose their mindset— the direction is right, but profits are slow to realize.

As for Bitcoin's trend right now, if it can't break through strongly in the next few weeks and instead maintains this indecisive structure, it may likely consolidate for three to five weeks. But don't be too pessimistic; this is actually a kind of power accumulation adjustment— as long as it holds, it is accumulating momentum for the next stage.

Looking at Ethereum, in fact, when that big bullish candle appeared, it already gave a signal. Those who entered at that time are now enjoying the rebound's dividends. From the trend, the market's focus is slowly shifting from Bitcoin to Ethereum and other altcoins.

The recent rotation is very obvious: when Bitcoin drops, altcoins rebound immediately. Funds are slowly shifting, and risk appetite is beginning to spread. But this process will not be too smooth, as market confidence has not yet recovered, and most people are still hesitating, observing, or taking small positions. This sentiment is easily exploited by the main force to wash out, making you exhausted mentally before the real rise begins.

If you followed the rhythm to buy the dip in early April, you should be in a more comfortable position now. Ethereum may continue to consolidate for a while to digest the previous high positions and dampen confidence. Currently, there are no major positive stimuli, and the market is still in a brewing phase. The most extreme case may pull back to around 2100, where there is technical support. In summary: if you have altcoins, just hold on and don’t make sudden moves; if you are in cash, don’t rush to chase the highs, wait for a pullback.

Now there are popular coins in every sector: if you want to play, you can focus on the above!

ORDI and SATS on the Bitcoin chain are the leaders of inscriptions.
DOG is the top dog of runes.
On the Ethereum side, ETHFI is the hottest.
PEPE and NEIRO are the top meme coins.
On the SOL chain, PNUT and MOODENG are gaining momentum.
In the AI sector, look at VIRTUAL.
On the BSC chain, just focus on MUBARAK.
Among new public chains, SUI performs the best.
If you want to play, you can focus on the above.